AKER SOLUTIONS ASA: årsregnskap 2018 vs 2017
Grew 47% on revenue, weaker earnings, cash halved-plus
approved 2019-03-07; registry 2019-07-09; journal 2019 630625
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKER SOLUTIONS ASA. Revenue 17.00m NOK → 25.00m NOK (+47.1%). Net result +718.00m NOK → +446.00m NOK. Equity 3.13bn NOK → 2.87bn NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AKER SOLUTIONS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.00m NOK to 25.00m NOK (+47.1% YoY). Calculated
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Operating result improved
Operating result -73.00m NOK → +1.05m NOK (op. margin -429.4% → 4.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +718.00m NOK → +446.00m NOK (net margin 4223.5% → 1784.0%). Calculated
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↓
Equity eroded
Book equity 3.13bn NOK → 2.87bn NOK (equity ratio 24.2% → 20.7%). Calculated
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↓
Cash fell
Bank deposits 635.00m NOK → 1.26m NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (635.00m NOK → 1.26m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 3.14bn NOK → 2.87bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 9.29bn NOK → 9.53bn NOK (54647% → 38136% of revenue). Calculated
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COGS moved
COGS / varekostnad 8.36bn NOK → 10.56bn NOK (+26.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 11.74bn NOK → 11.47bn NOK. Reported fact